HDFC Bank’s 7.51% intraday fall caused a 4.7% or 2,145 points decline in Nifty Bank, its worst since March 2022. All 12 Nifty Bank constituents were in the red, including AU Small Finance Bank, Kotak Mahindra Bank, Federal Bank, and State Bank of India (SBI). The fall affected Nifty Financial Services, which dropped 3.8% or over 800 points. HDFC Bank’s Q3 earnings showed a 34% increase in net profit, but investors were concerned about loan growth and margins.
New senior citizens policy in the works after 25 years
India is developing a new senior citizen policy and amending the Maintenance and Welfare of Parents and Senior Citizens Act 2007 to address the needs
November 15, 2024